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Over 60? Discover how YOU could soon be kissing goodbye to your money worries
If you’re worrying about bills, need cash to help your family or can no longer afford the hobbies and holidays that you used to enjoy, then you’ll be relieved to know that if you’re over 60 and a homeowner, there could be light at the end of the tunnel.
Downsizing is obviously an option but many people just don’t want to have to downsize and move out of their beloved family home.
Clients tell me that money pressures really can put a strain on things, especially at a time when they should be enjoying retirement!
And the good news is that, providing you’re eligible, you can use the cash that’s released from your home for anything you choose – whether that’s freeing up additional income for yourselves, paying for your grandchildren’s tuition or buying the car you’ve always dreamed of owning!
Many clients would prefer to pay the monthly interest which means that the amount borrowed will remain the same. The latest plans offer this facility so that you can choose the option you prefer.
Why not give me a call today on 01244 340222 to see whether I can help you improve your current financial situation.
The really good news is that, providing you’re eligible, you could have the cash you need within as little as four weeks!
A NOTE ABOUT FEES AND EQUITY RELEASE
A fee (only payable at legal completion of your lifetime mortgage or home reversion plan) of 2.25% of the total facility arranged (minimum fee £1,995). We refund any marketing commission paid to us by the provider.
Downsizing may be cheaper. Your entitlement to benefits may be affected. Releasing equity will reduce your estate.
Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
NEWS: Don't miss out on extra income
Those approaching retirement often miss out on extra income from enhanced pensions.
Up to 65% of people retiring at age 65 could qualify for an enhanced annuity, according to annuity provider Just Retirement.
Annuities are used to convert pension funds into regular income - usually paid monthly.
However, many people do not know that enhanced annuities pay more income if you suffer from certain health conditions. It needn't be particularly serious. Most people take some type of medication as they get older and this can often qualify them for higher income levels.
This may affect you if you are approaching retirement and haven't yet taken your pension.
In some cases we have been able to negotiate up to 25% more pension income for clients.
Please get in touch if you are approaching retirement and we'll let you know how we can help.
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